Community

Rich Data : The Competitive Edge

by Marié-Louise van Zyl on 2012/05/10

 A large number of companies are realizing that they have a promising source of revenue at their fingertips: their existing content assets. While this information is packaged as print and online media for consumers; more innovative companies are discovering additional uses for the vast amounts of unstructured information. By creating meaningful information— with charts, maps, images, and lists —companies can break this information down to help business owners make key decisions.

BrandsEye has managed to create a way of sourcing meaningful data by searching for branded mentions and using filters to draw out the specific data required. Not only is the data displayed as “what you need, when you need it”; but you could also have this data human verified by the BrandsEye crowd

The crowd is the concept of having your data crossed checked by a number of individuals (and potential consumers) and peer verified as relevant or irrelevant, what language it is, the country it came from, and (my personal favourite) what its sentiment toward your brand is.
 
This represents the cornerstone of rich data; turning stand-alone pieces of data into vital, must-have information about specific audiences. In other words making information more digestible, searchable, and valuable; allowing easy segmentation and selection.
 
Data segmentation of data has been used for many decades to give marketers the edge by communicating to the right groups of customers. Nowadays, as the online conversation volumes grow, businesses need to be more resourceful and effective in reaching and engaging their customers, forcing them to come up with more precise techniques to segment the market.
 
There are many ways in which a market can be segmented and a marketer will need to decide which strategy is best suited for a given product or service. Sometimes the best option arises from combining different strategies. 
 

Interviewing a Digital Native

by Michaella Kissack on 2012/05/10

"I don’t think brands can afford the luxury of ignoring social [data] these days," John Beale stated in a recent interview. As the head of strategy at Cerebra Communication, John has had years of experience with campaigns, ranging from purely traditional to the ever-increasing digital ones.
 
"You have to make sure you’re always reading up on what’s happening in digital; the environment changes regularly and is quite unforgiving if you don’t keep abreast of new developments." This thought leader strategises for both existing and new clients, ensuring that their objectives are being met.
 
As a hybrid strategist, he fulfils both a traditional and digital media role, adding, ‘I don’t think any strategist can claim isolation within their media. You need to understand how the two complement each other to really make a campaign work for the target market’. 
 
Beale currently specialises in Social Media, as most clients’ needs in terms of strategy are for it – "Thankfully, experience, post campaign insights and direct feedback from Online Reputation Management (ORM), as well as social searches, can drive some great insights."
 
He added, "Social data, specifically in the form of ORM reports, is done with an emphasis on the analysis of that information. It's invaluable to the business. I don’t think there’s any quicker (or better) way to get an indication of the conversation around a product or service than listening to the conversation on social media. That data can drive key learnings and [bring about] changes to the development process internally. However, business must be willing to listen, and then act."
 
Beale briefly described a large cellular operator he worked previously where an in-depth ORM analysis was conducted, evidently showing that a larger customer service element was needed. Had this only been discovered months later, it would have resulted in disappointed customers and the company being far behind on delivery. The ORM analysis provided the luxury of prevention, whereas finding out later that more extensive customer service capacity was needed would’ve required an expensive cure. 
 
Beale listed that the volume of mentions, sentiment, key nodes (conversation starter/disseminators), and categories of conversation (products/services) are the metrics that provide insight into strategy – "I think ORM insights should aid in the creation of business strategy, including the augmentation of that strategy."
 
Beale says that it’s important to understand what’s being said, particularly for consumer-centric brands, as well as to have an understanding of the channels used to further the conversation. "It’s all or nothing," he confirms, and because brands can’t afford to ignore social data, which allows for the management of risks and the leveraging of opportunities, brands will be taking the ‘all’ that it has to offer. 

Tutorial: How to Identify Risks and Opportunities in BrandsEye

by Stacey Rumble on 2012/05/10

@staceyrumble

A common request from clients is how can they identify risks and opportunities from the data in their BrandsEye account? As a result I thought I’d put together another BrandsEye tutorial to make this process quite easy to learn and do as often as you need.

Once you’ve logged into your BrandsEye account, select All Mentions from the left hand panel of the Home page.

Then select the mentions you’re interested in by selecting the appropriate filters. For example:


Selecting Filters

Pull a .csv file of these mentions by selecting the green Excel icon on the top right hand corner of the left hand panel. 

Opening that file will present you with an Excel spread sheet tabulating the variables of each and every mention. 

Select and copy all of the text in Column A.

 Selecting the content of your mentions

In your internet browser, open www.wordle.net (or your favourite word-cloud application).

Wordle is an application that generates graphics which show words appear most frequently within a body of text. The application randomises its format each time a new data-set is used. This functionality is currently not available in BrandsEye but it will be standard in Version 3 (coming out later this year) because it has proven so valuable.

You may need to adjust the graphic to be easier to read. You can do this from the tabs at the top of the word cloud, by selecting different options. Here are a few customisations I recommend:

Language: Make all words lower-case (this will remove duplicates)
Layout: Make all words horizontal
Font: Telephoto
Colour: To your preference

Generating a word cloud

You might see that your brand name or your Twitter handle are the most prominent words and the rest of the text is still too small? Right-click on the word and select “Remove @Brand_name” – this will bring other themes to light.

Drilling down to find more themes

Now you can see what people are actually saying about your brand, allowing you to identify topical themes and hopefully address the concerns of your audience.

This handy manoeuvre can be used in conjunction with both active and passive online strategies.
 
Words which often crop up, particularly for service brands, are “queues”, “accounts”, “branch” etc.

If you notice an interesting theme from the word cloud, return to the All Mentions tab within the BrandsEye app and drill down within your data using the filters.

Content | matches | queue

In a qualitative way, this action would be useful both for understanding the limitations of your brand for example, insufficient pay-points in your branches and for spotting an opportunity to provide a 10 items or less queue.

It’s also important to pay attention to any names or Twitter handles which are noticeable in the word cloud. Either they’ve spoken a lot about your brand recently or other people have been consistently talking about them in reference to your brand. 

Say for example, @John_Smith appeared in your brand’s word cloud; then suggested filters to find out what that conversation was about could be:

Author | contains | John_Smith    [note that the @-sign has been omitted]

OR

Content | matches | John_Smith     [note that the @-sign has been omitted]

This action would drive active strategy where social media is used as a channel for sales or customer service. For example, responding immediately to a noisy and unhappy customer.

Once you know what themes are causing conversation about your brand you can judge which risks to your brand require immediate attention and which opportunities are valuable to pursue either now or at a later stage.

Ps. Feel free to do the same using filters for sentiment and media origin for example. Then follow up with a volume or sentiment report using the same filters within the Reports Tab for more insight into that conversation. 

Fast Decisions makes for Famous Brands

by La'eeqah Galant on 2012/05/09

We’ve all heard of FNB’s @RBJacobs persona on Twitter, the FNB guy who is there to help you out in times of dire straits when a bank isn’t doing its job (Do they ever?). Today, he’s a prime example of how a company makes use of active strategy to address complaints on a case-by-case basis.

The overall aim of active brand monitoring is to be present and participate in online conversation as it happens, to provide customers with a more personalised experience of a brand. The Internet and the rise of Social Media have allowed brands to become active participants in their online conversation. FNB has realised that in order to remain relevant and approachable to your customers, one needs to begin to participate in this space.

The main purpose of RB Jacobs is to understand what the bank is doing (both right and wrong), solve queries and overall to engage with his community. It is through reaching their customers in a personal space that FNB has been better able to develop their customer channels.

Active brand monitoring is best used when dealing with micro business issues. As mentioned RB Jacobs deals with consumer queries and complaints on Twitter and aims to resolve them within 48 hours. FNB believes that assisting the consumer on a micro level helps to bridge the divide between their brand and consumer.

 It is not the job of RB Jacobs to promote products or services offered by FNB as this engages with broader, more macro strategies of the bank. These aspects of a business are best dealt with in a passive brand tracking method.

RB Jacobs with his light-heartedness has transformed the FNB brand into an approachable and customer-friendly one.

Learning from data to complement your online strategy

by Chandrè Reddy on 2012/05/09

Understand your brand’s limitations and be inspired by consumer engagement to enhance your online strategy. 

In an online space where most strategists learn from their consumers by actively engaging with them, another strategy is to indirectly find opportunity within their engagement. Passive learning is all about observation, whereby you as a brand closely monitor your consumers’ choices, behaviour and conversation.  
 
In order to learn passively you'll need to understand your target market and the way in which they think, feel and go about their daily lives.  This essentially means that consumers learn cognitively, through impulse and through experience; and that your brand should understand these driving forces in conjunction with what you take to market. 
 
By understanding your consumers’ behaviour, your brand can passively respond to their needs and wants by taking actions which will fulfil them. For example, noticing that consumers often complain on social media that your queues may be too long. If this is the case, you could implement more pay points. 
 
Another example could be to change your next campaign’s brand ambassadors if they didn’t optimally represent your brand in your last campaign or generate sufficient consumer engagement or AVE (Ad Value Equivalent). To some extent, this does tie in with active brand monitoring and engagement with your audience, where you’d use social media to respond on a case-by-case basis.
 
A passive approach allows you to take raw data and develop actionable strategies by asking the right questions of the data. Who's talking? On which platforms are they talking? What are they talking about? What are they always talking about and why?
 
Insights gained can be used to make changes going forward which will meet your consumers' demands and expectations. It also enables you to identify shortcomings and limitations on a macro level which are useful to consider when forward-planning.
 
Passive strategies are about making changes to your business which will render greater consumer satisfaction and ultimately influence your bottom line. A passive online strategy used in conjunction with active brand monitoring is a winning recipe.
 

 

Currently Listing: 1-5 of 196 | Next 5